18401 Joy Rd, Detroit, MI 48228
18401 Joy Rd is a multifamily building in Detroit's Warrendale neighborhood, built in 1970 and spanning 30,136 sqft on a 20,908 sqft lot. It offers 29 one-bedroom, one-bathroom units near the Detroit Public Library's Edison branch, Frank Cody High School, and Henry Ford Medical Center – Fairlane. A $150,000 renovation budget will go toward common areas and unit upgrades.
Bedrooms
N/A
Bathrooms
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Size
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Year Built
N/A
Projected value
The offering costs $1,670,900.00 in total. The property itself is $1,300,000.00, so 28.5% of the total sits on top of the purchase price in reserves, costs and fees.
- Purchase price77.8%$1,300,000.00
- Reserves and improvements12.0%$200,000.00
- Other10.2%$170,900.00
Figures as published by the platform at listing. Reserves are held for the property and stay inside the deal, closing costs and the platform fee do not.
Total Tokens
31,000
Token Price
$53.90
Tokens Available
0
Minimum Investment
N/A
Token Holders
N/A
Platform Fee
N/A
Management Fee
N/A
Leverage
Not stated
Blockchain Network
Gnosis Chain
Token Symbol
REALTOKEN-S-18401-JOY-RD-DETROIT-MI
Contract Address
0xe21f218423e95a027a09a3e03b24553cd1630f3a
Property Type
Multi-Family
Bedrooms
N/A
Bathrooms
N/A
Size
N/A
Year Built
N/A
Condition
N/A
